Orion S.A. (NYSE:OEC) to Issue $0.02 Interim Dividend

Orion S.A. (NYSE:OEC - Get Free Report) announced a interim dividend on Thursday, June 26th, RTT News reports. Investors of record on Monday, July 7th will be given a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, October 8th.

Orion has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Orion to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.8%.

Orion Stock Up 2.0%

Shares of NYSE:OEC traded up $0.21 during trading on Thursday, hitting $10.62. 399,425 shares of the company were exchanged, compared to its average volume of 560,934. The firm's 50 day moving average price is $11.21 and its 200-day moving average price is $13.19. Orion has a 12-month low of $9.59 and a 12-month high of $24.85. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market capitalization of $597.31 million, a P/E ratio of 7.18 and a beta of 1.10.

Orion (NYSE:OEC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.31). The firm had revenue of $477.70 million during the quarter, compared to analyst estimates of $486.06 million. Orion had a net margin of 1.44% and a return on equity of 17.66%. Orion's revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. On average, research analysts predict that Orion will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on OEC. UBS Group dropped their price target on Orion from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. downgraded shares of Orion from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $18.00 to $12.00 in a report on Thursday, April 24th.

Hedge Funds Weigh In On Orion

Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Orion during the first quarter worth approximately $137,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Orion by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,857 shares of the specialty chemicals company's stock valued at $438,000 after acquiring an additional 1,097 shares during the last quarter. Jane Street Group LLC boosted its stake in Orion by 202.7% during the 1st quarter. Jane Street Group LLC now owns 121,078 shares of the specialty chemicals company's stock valued at $1,566,000 after acquiring an additional 81,079 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Orion by 86.2% in the 1st quarter. AQR Capital Management LLC now owns 149,128 shares of the specialty chemicals company's stock valued at $1,928,000 after purchasing an additional 69,054 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Orion by 10.7% during the first quarter. Royal Bank of Canada now owns 283,138 shares of the specialty chemicals company's stock worth $3,661,000 after purchasing an additional 27,442 shares during the last quarter. Institutional investors and hedge funds own 94.33% of the company's stock.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.

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